Borrower Bank Account Verification
We will make a debit of less than $1 from your designated account for verification purposes. After your account has been debited, return to this web site and go to "My Account" section to verify the amount of the debit.
Note: you must verify your bank account in order to be eligible to receive a loan.
If your loan is funded, you hereby authorize LendingClub Corporation, as the loan servicer on your loan from WebBank, to initiate electronic funds transfers from your designated account listed above for monthly repayments on your loan. EACH MONTH, THE DEBIT AMOUNT WILL BE YOUR MONTHLY PAYMENT AMOUNT PLUS FEES, IF ANY. ANY FEES AUTHORIZED TO BE CHARGED ON YOUR LOAN MAY BE COLLECTED USING ELECTRONIC FUNDS TRANSFERS INITIATED BY US FROM YOUR DESIGNATED ACCOUNT.
You understand this authorization will remain in effect until your loan is paid in full or you notify us or your financial institution of its termination, taking into consideration the necessary time required by LendingClub and your financial institution to implement the change. Please check your loan agreement for more details about a termination of this authorization. You agree to print a copy of this authorization for your records.
